You will own nothing and be happy.
this post was submitted on 04 Jun 2024
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Have they tried investing in GME? and Hodling?
Oh sweeties, you were never middle class. You were always working class and they gave you a special name so you could feel better than Dave the Binman.
America, where you can achieve the appearance of wealth while working yourself to death with no time to enjoy anything and still have a significant chance of dying alone in an alleyway even if you did everything right in life.
A feature, not a bug of an oligarchy and an economy run by effective monopolies.
Yeah, and consider how bad it is for the class below the middle class. We're literally fucking drowning in debt.
But debt is good! Inflation has encouraged everyone to take out loans where they previously couldn't. Hooray!
/s
A small amount (obviously less than we've had recently) of inflation is actually ideal. Deflation incentivizes literal hoarding of cash, instead of spending it on things, which is a very reliable way to bring an economy to a screeching halt.
No offense but this is exactly the belief I was being sarcastic about. The economy wasn't halted before Nixon introduced inflation as we know it today. And "the economy" at this point is practically a euphemism for rich people getting nearly the entire surplus while destroying the environment.
Please stop spreading this dangerous misconception.
I had to dig a bit, but I found out the source poll's threshold for "middle class": 200% or more past the poverty line.
The poverty line is about $15k for individuals. People making $30k a year are, clearly, not middle class. The current standard puts the beginning of middle class in the low $50k's.
This is doomer clickbait bullshit.
I make about 55 in a low COL area and it is absolutely not middle anything. I rent and i can't afford to fix my teeth even with dental.
Americans have been deceived into thinking themselves middle class for longer than either of us have been alive
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